Question: Solve for the present value: PV = $90.91 + $247.93 + $375.66 + $683.01 PV = $1397.51 Check using a calculator: Make sure to use
Solve for the present value: PV = $90.91 + $247.93 + $375.66 + $683.01 PV = $1397.51 Check using a calculator: Make sure to use the appropriate rate of return, number of periods, and future value for each of the calculations. To illustrate, for the first cash flow, you should enter FV=100, n=1, i=10, PMT=0, PV=?. Note that you will have to do four separate calculations.
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